Farmington Fire Fighters Relief Association
- Assets
- $4.1m
- Revenue
- $574.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Farmington, MN
- Founding
- 10/1976
- Data as of
- 12/2022
- EIN
- 41-1282083
Organization Overview
Farmington Fire Fighters Relief Association is located in Farmington, MN. The organization was established in 1976. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Farmington Fire Fighters Relief Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Fire Fighters Relief Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Farmington Fire Fighters Relief Association generated $574.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $290.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PENSION AND ANCILLIARY BENEFITS TO VOLUNTEER FIREFIGHTERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER PUBLIC FUNDS WHICH PROVIDE RETIREMENT, DISABILITY, SURVIVOR, AND DEATH BENEFITS FOR MEMBERS AND THEIR FAMILIES PER MINNESOTA STATE STATUTES. THERE WERE 50 ACTIVE FIREFIGHTERS IN 2022. IN ADDITION THERE WERE 12 INDIVIDUALS THAT WERE ENTITLED RETIRED MEMBERS NOT RECEIVING BENEFITS.
THIS PROGRAM IS DESIGNED TO PROVIDE GREATER RESOURCES TO THE CITY OF FARMINGTON TO MEET THE NEED OF ITS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Allbee President | OfficerTrustee | 5 | $4,000 |
Joshua Threet Treasurer | OfficerTrustee | 3 | $1,750 |
Emily Wright Secretary | OfficerTrustee | 1 | $0 |
Justin Elvestad Fire Chief/ex Officio | Trustee | 1 | $0 |
Lynn Gorski City Admin/ex Officio | Trustee | 1 | $0 |
Joshua Hoyt Mayor/ex Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,477 |
| Related organizations | $0 |
| Government grants | $337,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,637 |
| Total Program Service Revenue | $0 |
| Investment income | $158,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $65,574 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $573,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,479 |
| Grants and other assistance to domestic individuals. | $26,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $120,699 |
| Compensation of current officers, directors, key employees. | $5,750 |
| Compensation of current officers, directors, key employees. | $5,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,085 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $290,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $580 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,832,693 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,105,371 |
| Accounts payable and accrued expenses | $13,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,833 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,565 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,076,973 |
| Total liabilities and net assets/fund balances | $4,105,371 |
Grants Awarded
Over the last fiscal year, Farmington Fire Fighters Relief Association has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FARMINGTON PURPOSE: Support city programs. | $35,000 |
FARMINGTON FIREFIGHTER AUXILARY PURPOSE: Support auxilary programs. | $25,000 |